4//SEC Filing
Milton Trevor R. 4
Accession 0001140361-22-010415
CIK 0001731289other
Filed
Mar 20, 8:00 PM ET
Accepted
Mar 21, 9:00 PM ET
Size
10.5 KB
Accession
0001140361-22-010415
Insider Transaction Report
Form 4
Nikola CorpNKLA
Milton Trevor R.
DirectorExecutive Chairman10% Owner
Transactions
- Exercise of In-Money
Founder Stock Options (Obligation to Sell)
2022-03-17−5,260→ 1,856,224 total(indirect: By LLC)Exercise: $1.06From: 2020-06-03Exp: 2028-12-31→ Common Stock (5,260 underlying) - Exercise of In-Money
Common Stock
2022-03-17$1.06/sh−5,260$5,576→ 48,065,726 total(indirect: By LLC)
Holdings
- 1,250,000(indirect: By Spouse)
Common Stock
M&M Residual, LLC
10% Owner
Transactions
- Exercise of In-Money
Common Stock
2022-03-17$1.06/sh−5,260$5,576→ 48,065,726 total(indirect: By LLC) - Exercise of In-Money
Founder Stock Options (Obligation to Sell)
2022-03-17−5,260→ 1,856,224 total(indirect: By LLC)Exercise: $1.06From: 2020-06-03Exp: 2028-12-31→ Common Stock (5,260 underlying)
Holdings
- 1,250,000(indirect: By Spouse)
Common Stock
Footnotes (5)
- [F1]As previously reported on the Schedule 13D filed on June 3, 2020 by the reporting persons, prior to June 3, 2020, M&M Residual, LLC ("M&M") issued 3,158,949 stock options to recognize the superior performance and contribution of specified employees of Nikola Subsidiary Corporation (f/k/a Nikola Corporation) ("Legacy Nikola") pursuant to Legacy Nikola's Founder Stock Option Plan (the "Founder Stock Options"). On June 3, 2020, as a result of the closing of the business combination between Legacy Nikola and Nikola Corporation (f/k/a VectoIQ Acquisition Corp.)("Nikola"), the previously issued Founder Stock Options became exercisable by the employees for a total of 6,005,139 shares of Common Stock of Nikola ("Common Stock") held by M&M.
- [F2]The reported transactions represent the disposition of Common Stock held by M&M upon the exercise by current and former Nikola employees of the Founder Stock Options that M&M previously granted to the employees.
- [F3]As manager of M&M, Mr. Milton may be deemed to indirectly beneficially own securities held by such entity.
- [F4]Mr. Milton may be deemed to indirectly beneficially own securities held by Mr. Milton's spouse.
- [F5]The reported transactions represent the exercise by current and former Nikola employees of Founder Stock Options that M&M previously granted to the employees.
Documents
Issuer
Nikola Corp
CIK 0001731289
Entity typeother
Related Parties
1- filerCIK 0001808962
Filing Metadata
- Form type
- 4
- Filed
- Mar 20, 8:00 PM ET
- Accepted
- Mar 21, 9:00 PM ET
- Size
- 10.5 KB